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construction of the Intel’s Ohio manufacturing sitean investment from over 20 billion dollars for the construction of two new Fab for the production of chips with advanced manufacturing processes. The chosen area in Lickingm County, just outside Columbus, will cover approximately 1000 acres.
The event, on Friday, was attended by none other than the President of the United States, Joe Biden, who is unique to Intel CEO and Governor Mike DeWine for this first symbolic act. Biden’s presence is not causal, the President recently signed the CHIPS Act which subsidizes the construction of new semiconductor manufacturing facilities in the United States, just like Intel’s.
The initial phase of the project is estimated to be able create 3,000 jobs for Intel and 7,000 for construction, as well as generating opportunities for tens of thousands of other long-term jobs in the ecosystem of local industry suppliers and partners. The production center, defined as “mega-site” and renamed “Silicon Heartland“, has the potential to house a total of 8 production plants and is expected to welcome investments of up to $ 100 billion over a decade. The first chips will roll off the production lines at the end of 2025.
In addition to providing production capacity for Intel’s next-generation products, the new factories will support growing third-party demand, managed by a dedicated division called Intel Foundry Services (IFS).
“Today marks a pivotal moment in the journey towards building a more balanced and geographically resilient semiconductor supply chain“said Pat Gelsinger, Intel chief executive officer.” The construction of Silicon Heartland testifies to the power of government incentives to unlock private investment, create thousands of high-paying jobs, and foster US economic and national security. We would not be here today without the support of the leaders of the administrationCongress and the state of Ohio, who share a vision to help restore the United States to its rightful place as a leader in advanced chip manufacturing. “
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